Mountain Lake Investment Management LLC increased its holdings in shares of Hertz Global Holdings, Inc (NYSE:HTZ) by 40.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 465,000 shares of the transportation company’s stock after acquiring an additional 135,000 shares during the quarter. Hertz Global Holdings makes up approximately 2.1% of Mountain Lake Investment Management LLC’s holdings, making the stock its 14th biggest holding. Mountain Lake Investment Management LLC owned 0.56% of Hertz Global Holdings worth $5,348,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. City Financial Investment Co Ltd acquired a new stake in Hertz Global Holdings during the second quarter worth about $1,829,000. Pomelo Capital LLC bought a new position in Hertz Global Holdings in the second quarter worth about $805,000. Voya Investment Management LLC boosted its stake in Hertz Global Holdings by 1.2% in the second quarter. Voya Investment Management LLC now owns 23,987 shares of the transportation company’s stock valued at $276,000 after acquiring an additional 282 shares during the period. OxFORD Asset Management LLP acquired a new position in Hertz Global Holdings in the second quarter valued at approximately $6,623,000. Finally, Dimensional Fund Advisors LP boosted its stake in Hertz Global Holdings by 120.2% in the second quarter. Dimensional Fund Advisors LP now owns 5,178,066 shares of the transportation company’s stock valued at $59,548,000 after acquiring an additional 2,826,922 shares during the period.

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HTZ has been the subject of several recent research reports. Deutsche Bank AG set a $14.00 target price on Hertz Global Holdings and gave the company a “hold” rating in a report on Wednesday, August 9th. BidaskClub downgraded Hertz Global Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. ValuEngine raised Hertz Global Holdings from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Zacks Investment Research lowered Hertz Global Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Finally, Morgan Stanley lowered Hertz Global Holdings from an “equal weight” rating to an “underweight” rating and boosted their price objective for the company from $12.00 to $14.00 in a research report on Thursday, September 14th. Six analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $16.86.

Shares of Hertz Global Holdings, Inc (HTZ) traded up 1.63% during trading on Wednesday, hitting $24.37. The stock had a trading volume of 2,987,120 shares. The stock’s 50-day moving average price is $22.86 and its 200 day moving average price is $22.86. Hertz Global Holdings, Inc has a one year low of $17.20 and a one year high of $39.99. The stock’s market cap is $2.04 billion.

Hertz Global Holdings (NYSE:HTZ) last released its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.63) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.51). The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.22 billion. Hertz Global Holdings had a negative net margin of 8.96% and a negative return on equity of 10.27%. Hertz Global Holdings’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. On average, equities analysts forecast that Hertz Global Holdings, Inc will post ($1.51) EPS for the current year.

In other news, SVP Robin Kramer sold 3,524 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $21.53, for a total transaction of $75,871.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

Hertz Global Holdings Company Profile

Herc Holdings Inc, formerly Hertz Global Holdings, Inc, is a holding company. The Company is engaged principally in the business of renting and leasing of cars through its Hertz, Dollar, Thrifty and Firefly brands, and equipment through its Hertz Equipment Rental brand. It operates through four segments: U.S.

Institutional Ownership by Quarter for Hertz Global Holdings (NYSE:HTZ)

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